Investing in dogecoin remains highly volatile

Investing in Dogecoin remains highly volatile, with recent price action hovering around $0.078 after a 3.2% weekly dip. Analysts note increased on-chain transaction activity, suggesting speculative interest may be rising ahead of potential crypto market rallies alongside Nasdaq tech optimism. Traders are watching $0.085 as a short-term resistance. The accumulation strategy follows in the footsteps of Michael Saylor's Strategy , which pioneered the practice of raising huge amounts of capital through stock sales and debt raises to purchase Bitcoin . Several companies have followed suit, including Trump Media , but Thumbzup is unique in its choice of Dogecoin. Following Donald Trump's victory in early November came the creation of the Department of Government Efficiency (DOGE). Tesla Chief Executive Officer Elon Musk was initially tasked with managing the DOGE initiative. In years past, Musk has jokingly touted Dogecoin on several occasions -- from posting memes on social media to incorporating references to the cryptocurrency during his appearance on Saturday Night Live . On-chain analytics indicate a spike in new retail wallet addresses, historically a precursor to short-term price surges.